Research

Report

​​Take-up concentrates on prime locations in main high streets in the Big Six Brussels, Antwerp, Ghent, Liège, Bruges and Hasselt

Take-up volume in Q1 was 72,650 sq.m., up 54% on
the same quarter last year

Large projects delivered recently include the redevelopment of 11,000 sq.m. by MG Real Estate in Ghent pre-let to H&M Group, Primark and others, and Le Toison d'Or in Brussels, 12,800 sq.m. pre-let to Marks & Spencer, Zara and Apple.

300,000 sq.m. are currently under construction; future supply will be boosted by the delivery of Docks Bruxsel in October 2016, where recent pre-lettings include renowned brands such as Guess, Liu-Jo, Mango and Mer du Nord.

Prime rents trend upward, toward €2,000 per sq.m. p.a. for the prime locations on the prime high streets, both in Brussels and in Antwerp.

The volume invested in retail in 2015 so far is one of the highest of the last decade and prime yields are still edging down.​